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October 27th, 2011 
FAKE NEWS for the Zionist agenda 
Zero Hedge
Wednesday, October 26, 2011
Gold Breaks Out and Consolidates Above $1,700/oz – Financial Alchemy Risks Severe Inflation
Gold is trading at USD 1,708.20, EUR 1,230.11, GBP 1,071.37, JPY 129,700, AUD 1,650 and CNY 10,864 per ounce.
Gold’s London AM fix this morning was USD 1,713.00, GBP 1,070.69 and EUR 1,229.54 per ounce.
Yesterday’s AM fix was USD 1,656.25, GBP 1,036.19 and EUR 1,187.96 per ounce.
Gold in USD – 30 (Tick)
Gold has extended yesterday’s 4% rise in the US, with further gains seen overnight in Asia and consolidation in Europe. Safe haven demand continues due to increasing risk of a failed outcome from the European Union leaders’ meeting scheduled later today and due to significant macroeconomic and monetary risks.
The cancellation of a European finance ministers meeting and downplaying of expectations by euro-zone officials about the outcome of the EU summit is adding to investor concerns about contagion emanating from the nexus of European banks and large sovereigns including Italy. There are conflicting reports that Berlusconi has agreed to step down.
U.S. Treasury Secretary, Timothy Geithner warned of the “catastrophic risk” posed by the turmoil.
- A d v e r t i s e m e n t
The Bank of England dismissed the chaotic efforts to save the eurozone from financial meltdown as a temporary solution to the region’s woes.
Governor Sir Mervyn King said long term issues such as towering levels of debt and structurally weak economies still needed to be tackled.
‘The aim of the measures to be introduced over the next few days is to create a year or possibly two years’ breathing space,’ he said.
King’s warning follows that of former Fed Chairman Alan Greenspan who warned on CNBC two weeks ago that the EU was doomed to fail because the divide between the northern and southern countries is just too great.
The key problem facing bureaucrats and bankers of massive swathes of debt in the European and global financial system is not being tackled. They are attempting to rectify a problem of too much debt by further electronic and paper money creation and the creation of even more debt.
The growing risk now is that in a desperate attempt to solve the crisis, bankers and bureaucrats in the EU, US and elsewhere are practicing an extreme form of financial alchemy which risks stagflation and possibly in a worse case scenario hyperinflation.
Monetary economics and history shows that there will be costs and ramifications for the creation of billions and trillions of euros, dollars, pounds, yen and other fiat currencies.
The European Monetary Union (EMU) rightly expressly forbid the printing and electronic creation of money to bail out banks and sovereign nations.
A look at a history of currencies—including the mighty Deutsche Mark—shows the unavoidable results of currency debasement.
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2 Responses to “Gold Breaks Out and Consolidates Above $1,700/oz – Financial Alchemy Risks Severe Inflation”
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some people will believe anything. ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha da da daaaaaaaaa.
EDUCATION:
“Except it should be stronger – to regulate it – doesn’t fall under free trade enterprize.”
Regardless what others think!
People can only handle a little bit of truth at a time…. because, of what they were taught to contrary to personal beliefs!!
Here is why?!!
I AM ANTI-CAPITALISM…. Keep reading, Please, before, it’s too late it wasn’t founded by our Fore Fathers.
Many other reasons, called global oppression, by their control in Wall Street.
THE UNITED STATES OF AMERICA.
The Average College Education!!
THE Banks “they” use your tax monies, and ask for corporate bailouts to play on the stock market, and they should have no play what so ever in our Federal Reserves!!
THEY HAND OUT SCHOLARSHIP FOR ATHLETICS- but not Academic, or The US Military?? Fair ? Or Not Fair??
The SOLDERS They put their live on the line, daily, and even thye do not get a full scholarship, unless full time, an most cases cannot be married, or have a famliy, otherwise, it’s out of thier pockets !!
Bribed Congress, by public deception, and more control.
I agree our system need to be changed, for a number of reasons; 1st why should a book for your program study cost anywhere on the average depending upon the study cost $75.00- to $300.00 per book and most classes need two to three per semester!! Why, because it called the banks; and novelty companies trying to make a huge payroll for themselves ; because, the idiots in congress benefit , by getting charity for their pork projects; so the government, doesn’t want regulate it like it should have been a number of years ago!!
Anti Price Gouging Clause??
It shouldn’t cost $150,000 in order to obtain a doctor degree. .. so fuck capitalism!!
The Banks shouldn’t have their “nose” poked into everything… again; trying to steal the freedom of the American people , by their get rich quick schemes, and shouldn’t be allowed to charge whatever they want, and using OUR TAX MONIES to promote their control of who should or should not receive a formal education!!
Reply
GERMANY as Well As,
IN RUSSIA…..
The Constitution Of The Russian Federations.
Same In Canada,
The govenment with the approval of the chosen institution, and grants, they , then test you by an aptitude examination ; your given a loan by the government ; if ; there is a “JOB” market available for the program in which the person is capable of doing with no false pretense!!
Then no guarantee for more than minimum wage, $7.25 hr. .. isn’t capilatism great??
Should you have something happen to you; like i did , you don’t have the corporate banks appeals ; and then try to ruin your credit; and refuse your right to a fair determination; and social services.
IT WORKS!!!
The government doesn’t over spend their tax budget… because it well-regulated.
End of Report.
Electronically Signed, Robert Lane Aiassa 10/26/2011